This unit (JQU0022) of study will build on the accounting skills and knowledge taught in Accounting A:Essential Accounting. Students will focus on recording financial data into ledgers and journals using accounting principles. They will prepare and evaluate budgets and accounting reports for small business and propose appropriate strategies for improving business performance.
Prerequisites
JQU0021 - Accounting A: Essential Accounting
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Learning Outcomes
| 1. | Prepare classified accounting reports for hypothetical small trading businesses including income statements, balance sheets and cash flow statements; | ||
| 2. | Record balance day adjustments, including straight line depreciation appropriately to the general ledger and journal; | ||
| 3. | Prepare budgeted reports for cash, sales, debtors and creditors and advise management on areas of concern using variance analysis, recommending solutions for improvement; and | ||
| 4. | Analyse the profitability and cash flow of hypothetical small trading businesses and suggest specific strategies for effective management of these areas. |
Assessment
Developing skills and attributes towards the graduate capabilities of Victoria University will be incorporated across the course.
| Assessment type | Description | Grade |
|---|---|---|
| Portfolio | Maintain a Folio of structured accounting exercises during the course. | 30% |
| Test | Supervised test in class time | 30% |
| Assignment | Supervised class time | 40% |
Where to next?
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